.$875 is CHEAP for Denver.

Being a down cycle and interest rates being cheap I want to build cash value as much as possible before the cycle changes.

If you are talking about fix and flips, any neighborhood you listed has potential if you can buy houses cheap enough, there will be room for profit and finding a buyer at the right price.

The days of picking up other's junk for cheap are out of favor.

You have to ask yourself if it's worth it,financially.Probate is not cheap and your share of the proceeds will be sharply reduced with all the attorney and court fees.Plus,the original lawyer will want money for defending the estate from the lawsuit (whatever the reason for the suit).It could take a year or two to fight the sister and in the end,the lawyers will eat up the money from the estate over time.Unless the house is worth at least $200,000 or more as is without major repairs and upgrades needed,I would seriously question whether fighting the druggie Aunt is worth 2 years of litigation and court appearances.It is just my opinion as someone who has suffered through probate,don't take it for the gospel.

We also have an umbrella policy- they're cheap and offer a little more peace of mind.

If you buy in Madison county Rankin county and buy nicer properties you will get better managers but the cheap hard to manage props only a few will put up with the BS tenant base and all the drama associated with it..

Thanks a lot.Generally speaking the most frequent mistake new "investors" make is by searching out a bazillion bid's to start, and/or going with the "cheap" person. 

A cheap motel room with 2 beds is $400/week. 

“Effective April 1, 2019, a new NY State law requires all NEW or REPLACEMENT smoke detectors in New York State to be powered by a 10-year, sealed, non-removable battery, or hardwired to the home.”...so I can't do the cheap $4 ones.But yeah I'll try to buy in bulk..And hope to use them all up before the 10-year life runs out!